Daily Archives: March 1, 2018

MEPs approved by 422 to 147 a resolution which supports the European Commission’s decision to trigger Article 7 against Poland for passing constitutional reforms that undermine the independence of the judiciary. The lawmakers also urged the European Council to “swiftly determine” whether Poland is a...

Police, a subsidiary of WSE-listed chemicals group Azoty did not secure payment and guarantees before the deadline from its former investment partner Senegalese DGG Eco, the company said in a market filing. Back in December, both sides have signed a conditional deal to reverse the purchase of Senega...

The seasonally adjusted unemployment rate in Poland stood at 4.5 percent in January, the same as the month before, the EU statistical office Eurostat said. This is a drop from January 2017, when it stood at 5.3 percent. The pan-European statistics agency, which uses roughly the same criteria as Pola...

Warsaw Stock Exchange had a PLN 156.01 million net profit in 2017 compared with PLN 131.09 million the year before. The revenues stood at PLN 351.96 million, up from PLN 310.86 million in 2016, while the operating profit grew to PLN 183.9 million. “In unitary terms, net profit in 2017 amounted to PL...

Polish restaurant chain North Fish has started searching for locations to open its first restaurants in the UK, said Savills, who supports the tenant in the expansion process in the UK. The company also plans further development in Poland, where it already has 40 premises. North Fish is looking for ...

The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 8.6 billion at end-January. During that period, PI revenues increased by 13.7 percent, while CIT revenues were up by 11.4 percent y/y. On the other hand, VAT revenues decreased by PLN 3.6 billion.

A number of Open Pension Funds (OFEs) informed that they will not be responding to the tender offer for WSE-listed system developer AAT Holding deeming the PLN 23 price tag per share “below the company’s market value. The group includes Nationale-Nederlanden OFE, Aviva OFE Aviva BZ WBK, Aegon OFE, a...

State-owned grid operator Polskie Sieci Elektroenergyteczne (PSE) had a record-high demand for electricity today during the winter peak. The new result was recorded at 18:30 on Wednesday and amounted to 26,448 MW, beating record-high demand set a day earlier of 26,316 MW, PSE said. PSE operates over...

WSE operator plans to launch a joint index of the most liquid CEE stocks in cooperation with other regional bourses, the exchange CEO Marek Dietl said, adding that in the future regional bourse could set up an exchange traded fund (ETF) based on such index. Preliminary talks on the initiative were l...

A total of more than 129,000 sqm of new office space was completed in the main regional markets across Poland in the first quarter of 2018, which marks a 92-percent increase y/y, according to the latest report by Cushman & Wakefield. The most dev...

Developer MLP Group has fully commercialized the logistics park in Bieruń near Tychy in Silesia, which it sold to Deka Immobilien in 2015. The company remained responsible for leasing the space in the park after the sale transaction. Car parts distri...
Bieruń logistics park fully leased out

Retailer IKEA will open its store in the Blue City shopping center in Warsaw in the second half of this year. This will be the company’s third store in the Polish capital and the first one in a central location with the other two located on the outsk...

Investors Tristan Capital Partners and White Star Real Estate will soon finish construction work on two of the three office buildings that will be developed within their Elektrownia Powiśle mixed-use project in downtown Warsaw. The first tenants will...

The Hampton by Hilton Warsaw Mokotów hotel has recently officially opened for business in the Polish capital. Located on ul. Postępu in the Służewiec business area of the Mokotów district, it is the fifth Hilton Worldwide (and the third Hampton by Hi...
New Hampton by Hilton hotel opens in War...

The conference “Open source in business”, which will take place on June 18th in Warsaw, is the first such event in Poland about open source solutions and their practical application in the enterprise. The event is aimed at bringing togeth...

On 6-8 June, annual ABSL conference, entitled “Poland. The place to grow” will be held in Poznań. This is the most important event of this kind in the Central and Eastern Europe which annually gathers over one thousand representatives of the business...
Poland’s biggest conference devoted to m...

The tech world has been buzzing with headlines in the past few months. Alphabet (Google) was fined in 2017 by the European Commission and is facing more anti-trust litigation. Its Q1 results also leave a lot to be desired. The same goes for Microsoft...